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JD Sports refuses to comment on Blacks chief exit Wednesday, 2nd May 2012
Photo credit: Blacks Leisure
JD Sports Fashion has refused to comment on reports that Julia Reynolds, chief executive of its outdoor sports retailer Blacks Leisure, is on the way out.
The Independent on Wednesday reported that Reynolds could leave the operator of the Blacks and Millets chains in the next few months, suggesting that once Blacks' operations have been fully integrated into the JD Sports group, the role of chief executive to the outdoor retailer would be different.
Rumours of Reynolds’ departure are the latest to rock the troubled retailer, which was bought out of administration by JD Sports in January.
As reported by the Independent, JD Sports told press in April: "The Blacks business was in a very fractured state on acquisition. We inherited a limited and unbalanced stock position, with a particularly severe lack of stocks in many core high-performing lines. The management team is investing a significant amount of time on developing relationships with the key brands and getting stocks flowing again."
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Posted in Deals and Takeovers Tagged blacks leisure, retail, jd sports, julia reynolds, millets, deal, rumour, chief, depart, leave
